LNN0 trade ideas
$LEN with a slight bullish outlook The PEAD projected a slight bullish outlook for $LEN after a positive under reaction following its earnings release placing the stock in Drift A
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$LEN Bullish Descending Megaphone$LEN Bullish Descending Megaphone
$LEN has formed a beautiful descending broadening wedge or descending megaphone into its earnings report Monday after close. This pattern retested previous highs and bounced, showing support on a perfect retest of $71.30. First target is previous highs around $79.50 which I am looking for Monday into Earnings. I am looking to stay long LEN & homebuilders in general through earnings but will take some profits at first target.
$XHB on the whole looks decent
Component $DHI looks good
$TOL broke out & looks fantastic
BTO $LEN 9/18 $80c
V bottom RISING wedge Earnings 9-14Long after descent from rising wedge complete
Earnings 9-14 amc
NV is high. Strong stock and have noticed a strong stock does not usually fall too far. A lot of stocks have been in this bearish rising wedge and it appears they are just now paying the price
I do not like rising wedges and am leery of trading a stock that is in one
Not a recommendation
LEN continuing channel and bouncing up for continuationWe've seen $LEN trading in a channel for a month or more now, here it is hitting the bottom once again, and we like it to bounce off. This also coincides with the end of a correctional wave we see, which is ending at very technical levels around the 0.5 mark on fib. retracement. We like the next wave to begin here now, cutting losses if it breaks outside of the channel by too much. Indicators moving quickly towards oversold, in the past with this stock, that has been a trustworthy tool to indicate a upcoming bounce.
Cup and HandleBreaking out
stop under handle low
earnings in September
Targets 2 are possible after target 1 is hit, but as a rule the stock pulls back after hitting target 1. Some may sell at target 1 then wait for a pull back and repurchase. Safest thing to do in a market with volatility such as this one, is to Sell at Target 1. My opion only and we all have one (o: